Import Duties News
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Gold imports by India, the world’s largest bullion buyer, may increase 31 percent this quarter after prices dropped to a 10-month low and festivals and weddings spur sales of jewelry, a trade group said.
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Germany’s solar industry is set to benefit from the financial crisis in Cyprus as investors seek a haven in the guaranteed returns provided by clean-energy plants.
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Henry Tang, who lost a bid to become Hong Kong’s chief executive after the discovery of an illegal wine cellar at his house, sold HK$48 million ($6.2 million) from his collection.
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Prime Minister Shinzo Abe may sacrifice barriers protecting Japan’s beef and wheat farmers as he joins the Trans-Pacific Partnership trade talks, said a former government adviser on farm policy.
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Russia will have to cut some import tariffs nearer levels accepted by its customs union partner Kazakhstan in World Trade Organization accession talks, said Eurasian Economic Commission Trade Minister Andrey Slepnev.
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Henry Tang, whose bid to become Hong Kong’s chief executive suffered after the Feb. 2012 discovery of an illegal wine cellar at his house, is auctioning off part of his collection.
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Sugar prices in the European Union, the world’s largest importer, are unlikely to fall for now because of import duties and rising prices from traditional suppliers, according to Tate & Lyle Sugars.
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Polysilicon used in solar panels has begun rebounding from a decade low as China moves to impose duties on importers such as Germany’s Wacker Chemie AG.
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Hanergy Holding Group Ltd., a Chinese thin-film solar panel maker, expects the technology it has backed to take a greater share of the market that’s dominated by silicon-based cells as the biggest manufacturers stumble.
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Ratcheting up trade tensions with China, the U.S. increased import duties on wind towers produced by Chengxi Shipyard Co. and CS Wind Corp. as economic talks between the two nations opened in Washington.
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